Teradyne, Inc. (NASDAQ:TER) Holdings Lifted by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,927 shares of the company’s stock after acquiring an additional 1,465 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Teradyne were worth $3,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TER. Whittier Trust Co. grew its holdings in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after acquiring an additional 88 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock worth $149,000 after purchasing an additional 103 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after buying an additional 104 shares during the period. GAMMA Investing LLC lifted its stake in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after buying an additional 105 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after acquiring an additional 108 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Teradyne Price Performance

NASDAQ TER opened at $138.40 on Monday. The company’s fifty day moving average is $121.25 and its two-hundred day moving average is $127.12. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 43.94, a P/E/G ratio of 2.23 and a beta of 1.46. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same period in the previous year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne announced that its board has authorized a stock buyback program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus reduced their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. Evercore ISI lifted their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Craig Hallum dropped their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $150.33.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.